Mount Gravatt East Market place overview page 5
Downsizing contributions into superannuation page 6
Place Sunnybank team spirit page 10
Community news page 12
It’s a Place auction page 14
2018 FIRST QUARTER PROPERTY REPORT Brought to you by your Mount Gravatt East area specialist
STAN EGAWA
0466 999 300 stanegawa@eplace.com.au
Hello
friends & family It feels as though just a few short weeks ago we were celebrating the start of 2018, but now as Easter has come and gone in the blink of an eye we are already a quarter of the way through the year! Where is the time going? In this quarterly wrap up, we’ve put together some key information to keep you updated with the latest sales and developments in your suburb, along with some community insights into what is happening in your local area. The first 3 months of the year can often be a busy time for the market and families alike. We regularly see lots of families and couples selling early in the year as they look for a change of lifestyle. In contrast, we also see families urgently trying to buy before the start of the school semester in order for their children to attend their first day of the schooling year! As always, we appreciate your support and feedback for our market reports and we try our best to bring you the most relevant and up-to-date information possible. If there’s anything with regards to real estate that you’d like to know about or even if you’d like to feature your local business in our next issue, please don’t hesitate to get in touch. We’d love to support the local community where we can. Enjoy this issue! Your local specialist | Place Sunnybank
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Calamvale | Eight Mile Plains | Kuraby | Macgregor Mount Gravatt East | Parkinson | Robertson Rochedale | Rochedale South | Runcorn | Stretton Sunnybank | Sunnybank Hills | Wishart
PLACE SUNNYBANK OFFICE
Contents Page 4
Suburb statistics
Page 5
Market place overview
Page 6
Downsizing contributions into superannuation
Page 8
Houses sold
Page 10
Place Sunnybank team spirit
Page 12
Community news
Page 14
It’s not just an auction it’s a Place auction
Page 16
Your suburb specialist
2017 FINALIST REIQ Large Residential 2017 FINALIST
Place Estate Agents REIQ Large Residential Agency of the Year Disclaimer: Every effort has been made by Place Sunnybank to ensure that all information in this document is correct at time of printing.
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Houses sold in
MOUNT GRAVATT EAST QUARTER 1 2018
28 $1.166M
55 days
$628,500
-3.4%
43.2%
$420pw
HIGHEST SALE PRICE
2018 Q1 MEDIAN PRICE
5 YEAR GROWTH
4
AVERAGE DAYS ON MARKET
2017 CHANGE IN MEDIAN PRICE
AVERAGE RENT FOR HOUSES
Market place overview According to CoreLogic the past 5 years median price growth in the 4122 post code suburbs have been very high compared to the other suburbs in the area, lowest being Mount Gravatt at 37.7% increase and highest being Mount Gravatt East at 43.2% increase. This would have been a result of high number of house sales that’s happened in Mount Gravatt East. Especially in the 3 years between 2013 to 2015 the number of houses sold had been more than 200, the most houses were sold in 2015 which 248 were sold in that one year. This had been the highest in the past 15 years. However, from 2016 the number of sales have started to drop to 186 and again in 2017 it dropped down to 151. From the past market trend every time when the number of sales dropped the median sale price had dropped as well. The annual change in median sale price for this quarter had decreased by 3.4% and I predict this had resulted from 2 reasons. 1. There was less property sales compared to Q1 this year and Q1
last year. (Q1 2017 – 39 properties vs Q1 2018 – 28 properties sold.) 2. Many of properties that were sold in Q1 2017 had a mid-high price range, but this quarter many of them have been in the low-mid price bracket. On the other hand the demand for properties in the area is holding very strong. The numbers of buyers we see at each open homes have been great and in the overall Brisbane market we continue to see an increase of interest from interstate buyers. This would be a result of affordability of houses compared to the Melbourne and Sydney market as the price difference is quite significant. Overall, the market in Mount Gravatt East is still very positive due to a low supply of properties and continuing strong demand from both local and interstate buyers. I have seen that some agents have started to take a conservative approach which can potentially leave a lot of money on the table. If you would be interested to know more about Place’s unique sales process or if you have any questions about real estate in your area call me. Stan Egawa 0466 999 300
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Downsizing contributions into
SUPERANNUATION As mentioned briefly in last year’s market report, from 1 July 2018, the Australian Government will introduce the ‘Contributing the proceeds of downsizing into superannuation (downsizing)’ measure. This measure is part of a package of reforms to reduce pressure on housing affordability in Australia, by encouraging empty nesters to downsize into housing that is more suitable to their needs, and so free up larger family homes.
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If you are 65 or older and meet the eligibility requirements, you may be able to choose to make a downsizer contribution into your superannuation of up to $300,000 from the proceeds of selling your home. Your downsizer contribution is not a non-concessional contribution and will not count towards your contributions caps. The downsizer contribution can still be made if an individual has a total super balance greater than $1.6 million. Please note, downsizer contributions are not tax deductible and will be taken into account for determining eligibility for the age pension.
ELIGIBILITY FOR THE DOWNSIZER MEASURE
• your home is in Australia and is not a caravan, houseboat or other mobile home • the amount you are contributing is from the proceeds of selling your home where the contract of sale was exchanged on or after 1 July 2018 • the proceeds (capital gain or loss) from the sale of the home are either exempt or partially exempt from capital gains tax (CGT) under the main residence exemption, or would be entitled to such an exemption if the home was a CGT rather than a pre-CGT (acquired before 20 September 1985) asset • you have provided your super fund with the downsizer contribution form either before or at the time of making your downsizer contribution
You will be eligible to make a downsizer contribution to super if you can answer yes to all of the following:
• you make your downsizer contribution within 90 days of receiving the proceeds of sale, which is usually the date of settlement
• you are 65 or older at the time you make a downsizer contribution (there is no maximum age limit)
• you have not previously made a downsizer contribution to your super from the sale of another home.
• your home was owned by you or your spouse for 10 years or more prior to the sale
For more detailed information, please refer to www.ato.gov.au
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QUARTER 1 2018
MOUNT GRAVATT EAST SPEC
Address
Bed,Bath,Car
Land m2
Sold
DOM
Sale Price
18 Allinga St
3,1,1
602
01 Mar 18
30
$485,000
115 Newnham Rd
4,1,2
627
01 Feb 18
44
$485,000
5 Tantallon St
3,1,1
607
12 Jan 18
65
$519,000
105 Margate St
2,1,1
647
24 Mar 18
19
$560,000
68 Mapleton St
3,1,1
615
11 Jan 18
8
$560,000
12 Morland St
3,1,1
632
07 Mar 18
35
$566,700
167 Creek Rd
3,1,2
562
15 Jan 18
47
$572,000
2 Floral St
3,2,1
599
16 Jan 18
77
$578,000
2 Chrysler St
3,1,2
546
27 Feb 18
21
$579,500
119 Grenfell St
3,1,1
607
17 Jan 18
13
$600,000
6 Hicks St
3,2,2
610
23 Mar 18
106
$605,000
29 Ballarat St
3,2,2
486
10 Jan 18
7
$625,000
85 Carrara St
4,2,2
458
09 Feb 18
112
$626,500
70 Margate St
2,1,1
647
12 Feb 18
26
$627,000
SOLD
137 TRISTANIA WAY, MOUNT GRAVATT EAST
$830,800 TOP LOW SET SALE
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4 DOM | Days on Market
2
2
LAND SIZE
546m2
DOM
14
SALE DATE
27 FEB 18
QUARTER 1 2018
MOUNT GRAVATT EAST SPEC
Address
SOLD
Bed,Bath,Car
Land m2
Sold
DOM
Sale Price
34 Stellman St
3,1,1
400
19 Jan 18
66
$630,000
34 Hoff St
3,1,1
534
09 Jan 18
62
$665,000
117 Gilliver St
3,1,2
615
15 Jan 18
8
$667,000
132 Broadwater Rd
4,2,1
658
10 Mar 18
30
$675,000
67 Grenfell St
3,2,2
622
04 Feb 18
5
$687,500
94 Gilliver St
4,2,2
620
07 Feb 18
1
$697,500
18 Nantwich St
5,1,4
673
08 Mar 18
13
$704,000
71 Grenfell St
3,1,1
607
01 Mar 18
29
$708,000
14 Greycliffe St
4,3,1
607
14 Feb 18
27
$825,000
137 Tristania Way
4,2,2
546
27 Feb 18
14
$830,800
27 Dorien St
5,3,2
637
13 Mar 18
47
$885,000
24 Bickle Pl
5,2,2
783
27 Mar 18
39
$890,000
76 Hoff St
4,3,2
665
29 Jan 18
581
$920,000
34 Amega St
4,3,2
486
10 Feb 18
19
$1,166,000
34 AMEGA STREET, MOUNT GRAVATT EAST
$1,166,000
TOP DOUBLE STOREY SALE
4
3
2
Disclaimer: Both top sales are based on recorded data only. Information correct at time of print as sourced from RP Data and Pricefinder.
LAND SIZE
486m2
DOM
19
SALE DATE
10 FEB 18
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TEAM SPIRIT PLACE SUNNYBANK DISCUSSES ‘WHAT DRIVES OUR SENSE OF TEAM’ AWARDS NIGHT
AUCTION PLACE BASKETBALL TEAM
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JOINT LISTINGS
TEAM MEETING
CELEBRATORY DINNER With the Commonwealth games and Winter Olympics both happening this year, it dawned on us that PLACE is just like a sports team. In what way does a business that helps the community buy, sell, and manage property compare itself to some of our favourite sports teams, people, and moments? It’s actually simpler than you think, and can be explained by one word. Team. In individual and team sports there are the athletes, then there is the support network behind them. Everyone plays an important role, aims to be the best that they can be, and shares the same goal.
We practice what we preach and showcase this by the way we conduct our open homes. We communicate as a team to make sure our clients get maximum exposure to our products. Our unique auction process ensures our vendors have a stress-free and profitable experience. We work as a team in the office, in the field, and even on the basketball court on Sundays. What we offer at Place is a team to manage what is possibly your most important asset, and we do believe that we have the best team you will find in this industry. Here at Place we live and breathe team culture. It’s an uncommon comradery for many real estate agencies, but for us it’s second nature. 11
COMMUNITY NEWS
Café Culture
THREE MUST GO CAFÉS IN MOUNT GRAVATT EAST IF YOU ARE LIVING IN MOUNT GRAVATT EAST AND IF YOU HAVEN’T BEEN TO THESE CAFES YOU ARE MISSING OUT! THERE ARE 3 FANTASTIC LOCAL CAFES IN AROUND YOU SO WHY NOT SUPPORT THEM.
THAT LITTLE PLACE CAFÉ They are located in the set of shops alongside Carrara street where you see the local Post shop. They have great coffee and delicious breakfasts! Many people highly rate this café because it’s very dog friendly, with goodies for them to snack on! It also has a very nice pizza place next door which makes it a great place to go for lunch... good coffee and yummy wood fire pizza.
BLACKSMITH SPECIALITY COFFEE This café is hidden in a cul-de-sac on Bothwell st which runs off Selbourne st near the strip of shops on Logan Rd. Although, it is hidden many people rate this café to be really good of course for their coffee but for their food! Many coffee lovers rate this café as the best coffee place in the Southside so if you are fussy with your coffee you might want to try this one.
BADMINTON BREW CAFÉ
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They are located on Badminton St which runs parallel to Camlet st. The location is brilliant as it is on a very quiet street and there are heaps of parking space there! The coffee of course but the mini brownies that they serve with every drink are delicious!! Not only that the service quality is very highly rated here so if you want to enjoy a quality coffee time this is a place you must try.
COMMUNITY NEWS
STAN’S
JAPANESE CURRY INGREDIENTS
STEPS
300g Beef or Lamb Steak
1 Cut meat and carrot into 2cm cubes. Slice onions. Cut potatoes into 3cm cubes. Mince garlic. 2 Heat (medium) olive oil, garlic and onion in a large lidded saucepan. Cook until the onion caramelises. 3 Add the meat and stir fry until the meat is browned. 4 Add the rest of the vegetables and stir fry for 2min. 5 Pour in the water, worcestershire sauce, honey and tomato sauce. Put the lid on the pan. Adjust to a high heat until boiling and reduce to a medium heat. Cook for 20 minutes. 6 Remove the pan from the heat. Add the curry mix and stir untill dissolved. 7 Over a medium heat bring to the boil while stirring. 8 Serve with steamed short grain rice.
2x Brown Onions 1x Carrot 2x Potato 1tblsp Olive Oil 2x Garlic Cloves (or 1 tblsp of grated garlic) 1x tblsp Worcestershire Sauce 1x tblsp Honey 1x tblsp Tomato Sauce 4 1/2 cups Water 125g Vermont Curry 125g Java Curry Note: Best mix is Vermont Curry Mild and Java curry Med Hot (sold at Sunlit Asian market, Garden City)
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It’s not just an auction it’s a
96
%
OF PROPERTIES SOLD VIA THE AUCTION PROCESS
PLACE AUCTION 61 Booked 13 Sold Prior to Auction 26 Sold at Auction 20 Sold after Auction 2 Withdrawn
PLACE SUNNBANK vs BRISBANE AUCTION CLEARANCE RATES PLACE SUNNYBANK BRISBANE AVERAGE
+17%
45 UNIQUE STEPS It is crucial to pick the right agent who has the experience and practical knowledge of Auction. Not every agent is the same, and the wrong choice of agent can cost you a lot of money, time and unnecessary stress.
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Place Sunnybank’s unique 45 step auction process and their ability to work as a seamless team, prior to and during the auction, has proven results. Place Sunnybank’s clearance rate is approx 17% higher than the Brisbane average. Disclaimer: All statistics used are current for 2017/2018. Brisbane statistics are based on current publicly available information.
Experience first hand our 45 Step Action plan that has achieved many great sale results for our clients!
DAVID YANG | Mortgage Specialist
Darren Han
Director BCom, JD(Bond), GradDipLP(Bond) Darren.h@fensonlawyers.com.au
m: 0450 088 688 t: 07 3194 0888 e: david@timehl.net.au Australian Credit Licence: 433589 We provide real choice between lenders
T 07 3323 3136 M +61 433 225 386 (AU) +86 188 997 367 25 (CN)
We do the legwork
Office: 1/18 Torbey St Sunnybank Hills
We help at a time & place that suits you
“I will always be striving to provide the most memorable conveyancing experience for all my clients�
BRENDAN YUNG CONTACT ME 7 DAYS T: 0404 526 526 E: brendan.yung@bytherules.com.au
We may negotiate a better outcome We keep the competition alive
Unit 2, 20 Creek Road Mount Gravatt, Queensland, Australia Call (07) 3113 3407 info@briolegal.com.au www.briolegal.com.au 15
Stan Egawa HUMBLE, FRIENDLY, AND PROFESSIONAL What attracted us to Stan was his honesty. He was very humble, very friendly, and had a professional appearance. He takes his job very seriously and is trustworthy. It is as if he is selling the house of his own family. He always asked us if he can help in any way at all. I would recommend Place and of course Stan Egawa to anyone, because honesty, friendliness and professionalism is very hard to come by. Nick & Tina Lakidis – Review from Sellers at Mount Gravatt East
OVER
$100m Total Sales in 12 Months
OVER
90
Transactions in 12 Months
OVER
11yrs Selling in your area
Statistics are for Place Sunnybank and Place Sunnybank Agents in general. All information is correct at time of printing
CALL
STAN EGAWA
OFFICE
Follow me on Facebook, Instagram and WeChat for updates happening in & around 4122
07 3193 8788 3a/531 Kessels Rd Macgregor Q 4109
0466 999 300 | stanegawa@eplace.com.au